Kikapu wrote:Viewpoint wrote:Im checking to see if you have a clue which i doubt very much.
I'm always open to be educated. With you being the "educator" however, I'm constantly left with disappointments.
Well, somebody had to step in and sort VP out before we all die of old age waiting for him to do it himself.
Cyprus banks are sitting on about 6.4Billion Euros of Greek monetary toilet paper. A haircut will happen, but here's some specifics as Cyprus has one of the lowest levels of public debt in the Eurozone:
"Cypriot authorities and banks say the Cyprus banking system is well capitalised. The system’s total capital adequacy ratio stood at 11.98 percent and its primary capital Tier 1 at 10.3 percent in 2010, figures which are now higher because of capital boosting steps taken by the banks."
http://www.foreignexchangeservice.co.uk ... debts.html
Kikapu, I think we can safely consider VP's unsupported position to be formally debunked. I hope you have a most pleasant Sunday.